Thyrocare Technologies Limited received a communication dated August 13, 2026 from Docon Technologies Private Limited, promoter of the company, regarding the release of pledge on 1,75,00,000 equity shares of Thyrocare Technologies Limited.
The pledge was released by Catalyst Trusteeship Limited, acting as the Debenture Trustee, on August 11, 2026. Docon Technologies Private Limited submitted requisite disclosures pursuant to Regulations 29(2), 31(2) and 31(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Details
Docon Technologies Private Limited is a wholly-owned subsidiary of API Holdings Limited and is the promoter of Thyrocare Technologies Limited. Docon holds 9,69,69,696 equity shares, representing 60.92% of the equity share capital of Thyrocare Technologies Limited (based on shareholding as of August 11, 2026).
The total equity share capital of Thyrocare Technologies Limited is 15,91,65,315 equity shares with face value of ₹10 each. The total diluted share/voting capital is 15,96,30,252 equity shares.
Encumbrance Details
Before Release (August 11, 2026):
- Total shares encumbered: 9,69,69,696 equity shares (60.92% of total share capital, 60.75% of diluted capital)
After Release (August 11, 2026):
- Shares released from pledge: 1,75,00,000 equity shares (10.99% of total share capital, 10.96% of diluted capital)
- Remaining shares encumbered: 7,94,69,696 equity shares (49.93% of total share capital, 49.79% of diluted capital)
- Total shareholding unchanged: 9,69,69,696 equity shares (60.92% of total share capital, 60.75% of diluted capital)
Security Arrangement
The shares were pledged in favor of Catalyst Trusteeship Limited, acting as Debenture Trustee, as security for secured, unlisted, Non-Convertible Debentures (NCDs) issued by API Holdings Limited, the holding company of Docon.
The aggregate outstanding principal amount of the NCDs is ₹10,500 million (Indian Rupees Ten Thousand Five Hundred Million Only).
NCD Holders Breakdown
| Sr. No. | NCD Holder Name | Amount (₹ in Mn) |
| 1 | Poonawalla Fincorp Limited | 918.75 |
| 2 | 360 One Income Opportunities Fund - Series 7 | 131.25 |
| 3 | Bagla Industries Private Limited | 21.00 |
| 4 | Tata Capital Limited | 2,843.75 |
| 5 | Ganesh Polychem Ltd | 43.75 |
| 6 | 360 One Prime Limited | 4,870.25 |
| 7 | Advik Hi Tech Private Limited | 29.75 |
| 8 | Micro Labs Limited | 59.50 |
| 9 | Sak Industries Private Ltd | 151.38 |
| 10 | Ban Labs Private Limited | 55.13 |
| 11 | Lake Chemicals P Ltd | 29.75 |
| 12 | Sonnet Trade and Investments Pvt Ltd | 9.63 |
| 13 | Vara Future LLP | 29.75 |
| 14 | Moorjani Ventures Private Limited | 29.75 |
| 15 | Medley Pharmaceuticals Limited | 29.75 |
| 16 | Bennett Coleman and Company Limited | 437.50 |
| 17 | Urmila Behera | 12.25 |
| 18 | Warmond Fiduciary Services Limited | 12.25 |
| 19 | Warmond Fiduciary Services Limited | 22.75 |
| 20 | Warmond Fiduciary Services Limited | 22.75 |
| 21 | Warmond Fiduciary Services Limited | 5.25 |
| 22 | Mvs Ventures Private Limited | 58.62 |
| 23 | Alkram Venture Private Limited | 58.62 |
| 24 | Warmond Fiduciary Services Limited | 17.50 |
| 25 | Warmond Fiduciary Services Limited | 35.00 |
| 26 | Warmond Fiduciary Services Limited | 17.50 |
| 27 | Warmond Fiduciary Services Limited | 12.25 |
| 28 | Rajendrakumar Shivkishan Agrawal | 87.50 |
| 29 | Harjeet Kohli | 26.25 |
| 30 | Pitre Business Ventures LLP | 29.75 |
| 31 | Dayanidhi Maran | 59.50 |
| 32 | JPM Merchandise Agencies Limited | 17.50 |
| 33 | J Kumar Infra projects Limited | 314.12 |
| Total | | 10,500.00 |